NASSAU, the Bahamas, July 18, 2024 (GLOBE NEWSWIRE) — OKX, a leading crypto exchange by trading volume and a leading Web3 technology company, has issued updates for July 18, 2024.
OKX Adjusts Discount Rates for BETHOKX has made adjustments to the discount rates for BETH in the multi-currency margin mode and portfolio margin mode. The adjustments took place on July 18, 2024, between 6:00 am and 8:00 am (UTC).
Following the adjustment, the discount rate for BETH will be higher. Importantly, this change does not affect the risk level of current positions held by users.
Specific Adjustments:
AssetBefore After Tier (USD)Discount rateTier (USD)Discount rateBETH0 ~ 1,000,0000.80 ~ 2,000,0000.95 1,000,000 ~ 2,000,0000.752,000,000 ~ 4,000,0000.85 2,000,000 ~ 4,000,0000.54,000,000 ~ 8,000,0000.5 > 4,000,0000> 8,000,0000
Introduction to Discount Rates:In the multi-currency cross margin mode and portfolio margin mode, various currencies in cross margin accounts can be converted i
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